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What is DeFi?
Decentralized finance, or DeFi, is a catch-all term for financial products that live on decentralized networks like Ethereum. The basic idea of DeFi is to rely on smart contracts to automate financial products. The most widely used DeFi products currently are in the realm of borrowing and lending, trading, and derivatives.
Use the multichain Bitcoin.com Wallet app, trusted by millions to safely and easily buy, sell, trade, and manage bitcoin and the most popular cryptocurrencies. The app also enables you to engage in DeFi.
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